Westhorpe Club House Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02555338 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Westhorpe Club House Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

R M Randall

Mrs J H Randall

REGISTERED OFFICE:

Westhorpe Farm House

Westhorpe

Marlow

Buckinghamshire

SL7 3RQ

REGISTERED NUMBER:

02555338 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westhorpe Club House Limited for the year ended 31 March 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Westhorpe Club House Limited, as a body, in accordance with the terms of our engagement letter dated 7 October 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Westhorpe Club House Limited and state those matters that we have agreed to state to the Board of Directors of Westhorpe Club House Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westhorpe Club House Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Westhorpe Club House Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westhorpe Club House Limited. You consider that Westhorpe Club House Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westhorpe Club House Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

Milton House

Gatehouse Road

Aylesbury

Buckinghamshire

HP19 8EA

5 October 2021

FIXED ASSETS

Tangible assets

4

120,643

86,518

CURRENT ASSETS

Stocks

250

250

Debtors

5

5,229

3,277

Cash at bank and in hand

43,913

13,769

49,392

17,296

CREDITORS

Amounts falling due within one year

6

89,807

95,781

NET CURRENT LIABILITIES

(40,415

)

(78,485

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,228

8,033

CREDITORS

Amounts falling due after more than one year

7

(30,000

)

-

PROVISIONS FOR LIABILITIES

(20,873

)

(13,324

)

NET ASSETS/(LIABILITIES)

29,355

(5,291

)

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

29,235

(5,411

)

SHAREHOLDERS' FUNDS

29,355

(5,291

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2021 and were signed on its behalf by:

R M Randall - Director

1.	STATUTORY INFORMATION

Westhorpe Club House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budgets in making their assessment. In particular, the response to the COVID-19 pandemic, Directors have taken into account the impact on their business of possible scenarios, brought on by the impact of Covid19 implemented and what measures they can take to mitigate the impact. Mitigating actions include making use of VAT delayed payments and furloughing of underutilised staff.

Based on these assessments given, the measures could be undertaken to mitigate the current adverse conditions and the current resources available, the Directors have concluded, that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

15% on reducing balance

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2020

108,137

151,866

260,003

Additions

-

99,826

99,826

Disposals

-

(60,000

)

(60,000

)

At 31 March 2021

108,137

191,692

299,829

DEPRECIATION

At 1 April 2020

95,447

78,038

173,485

Charge for year

1,904

27,797

29,701

Eliminated on disposal

-

(24,000

)

(24,000

)

At 31 March 2021

97,351

81,835

179,186

NET BOOK VALUE

At 31 March 2021

10,786

109,857

120,643

At 31 March 2020

12,690

73,828

86,518

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Amounts owed by associates

1,701

1,701

Other debtors

3,528

1,576

5,229

3,277

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Hire purchase contracts

-

2,058

Trade creditors

13,725

1,187

Taxation and social security

358

1,706

Other creditors

75,724

90,830

89,807

95,781

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans

30,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,000

-